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BankNotes Archive – November 2021

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BankNotes Articles from November 2021

Central Banks and Socialism Are Forever Linked Together

November 3, 2021

It is well known that socialism is a shortage economy. It is the economy of inefficiency and corruption, of indifferent workers and of bigwigs, of lacking spare parts, of lacking funds, of failure, of permanent reform needs and of constantly unsuccessful reforms. This concerns in particular total socialism, as it was … Read more

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Nelson Nash’s Becoming Your Own Banker: Part IV, Lesson 1 Equipment Financing

November 3, 2021

Content: Page 51, Becoming Your Own Banker Fifth Edition Up to this point in the course we have been working to establish the principles of the Infinite Banking Concept, and then looking at an example of how they work for personal use. Now, let’s look at a business use of … Read more

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Own Your Debt

November 3, 2021

by Robert P. Murphy There are various ways of motivating the philosophy of Nelson Nash that he lays out in his classic book, Becoming Your Own Banker (BYOB). In this article I want to focus on the benefits of “owning your debt,” a phrase that I first heard from David … Read more

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